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For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
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Researchers use novel methodology to measure the thermo-electric properties of native crude.
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Faster drilling speeds have become one of the major obsessions of the shale sector in recent years. But since completions represent up to 70% of a new well’s cost, maybe this side of the business needs more attention now.
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The room for error and cost overruns just got a lot smaller with the escalating need to make operations more efficient and leaner with fewer resources and investors continuing to prioritize ESG alongside profitability.
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Increasing accuracy in models is often obtained through the first steps of data transformations. This guide explains the difference between the key feature-scaling methods of standardization and normalization and demonstrates when and how to apply each approach.
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Rapid development of more-accurate simulator engines has given researchers the opportunity to generate sufficient data to train robotic policies for real-world deployment. However, moving from simulation to reality remains one of the greatest challenges of modern robotics.
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Researchers have created software that borrows concepts from Darwinian evolution, including “survival of the fittest,” to build AI programs that improve generation after generation without human input.
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The US crude inventory grew by 74 million bbl since 13 March when the US declared a national emergency in response to COVID-19.
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Gecko Robotics is providing the energy industry with artificial-intelligence-enabled robots to inspect infrastructure and supply massive amounts of data to help predict failures before they occur.
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The move to combine forces comes amid the fastest contraction in drilling activity the US shale sector has ever seen while Gyrodata will retain its international business.
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The AI journey starts with a single step, but too many companies take the wrong first step.
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The words "disruption" and "change" are becoming more and more common in many industries, including offshore oil and gas.
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